NEWARK, DE-American Financial Realty Trust, the Jenkintown, PA-based trust that acquires properties from financial institutions, has closed one of the biggest holes in its portfolio with a newly signed 115,664-sf lease by an affiliate of Comcast Corp. Wills Elliman and Neal Dangello of GVA Smith Mack represented American Financial. David Fahey and Marcus Policarpo with Binswanger represented Comcast.

The newly signed triple net deal at 300 N. Wakefield Dr. here extends over the next 10 years. A spokesman for AFR declined to give the asking rate of the facility but he did tell that the lease contains yearly rent bumps.

Comcast will be making some modifications to the building, he continues. “But the primary reason why they chose this building was because it was a perfect match for their expanding customer needs.” The building includes in-place workstations and furniture, as well as 700 parking spaces and three 1,000 KVA back-up generators.

The space was a former call center for Bank of America that AFR acquired in October 2004 as part of a 7.3-million-sf portfolio that included 248 properties, 191 of which were bank branches, and 57 office buildings. Bank of America occupied 300 N. Wakefield Dr until Dec. 31, the spokesman says.

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